Quantbot Technologies LP Boosts Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Quantbot Technologies LP boosted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 372.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,082 shares of the semiconductor provider’s stock after buying an additional 12,679 shares during the quarter. Quantbot Technologies LP’s holdings in NXP Semiconductors were worth $4,328,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in NXP Semiconductors by 893.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after acquiring an additional 2,097,727 shares in the last quarter. Vanguard Group Inc. boosted its stake in NXP Semiconductors by 17.3% in the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after acquiring an additional 1,909,898 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in NXP Semiconductors in the fourth quarter valued at $164,044,000. Kodai Capital Management LP acquired a new position in NXP Semiconductors in the fourth quarter valued at $125,319,000. Finally, Bessemer Group Inc. boosted its stake in NXP Semiconductors by 4,525.6% in the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after acquiring an additional 349,061 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 0.0 %

Shares of NXP Semiconductors stock opened at $230.01 on Tuesday. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The stock has a market cap of $58.81 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49. The company has a 50-day moving average of $251.56 and a two-hundred day moving average of $254.90.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the company posted $3.04 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, research analysts anticipate that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.76%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Oppenheimer increased their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. TD Cowen decreased their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Wells Fargo & Company increased their target price on shares of NXP Semiconductors from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $350.00 target price on shares of NXP Semiconductors in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $294.89.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.